Limited company buy-to-let lending criteria

The Nottingham for Intermediaries accepts applications for buy-to-let mortgages from a limited company. We’ve listed our key criteria here but if you have a case that doesn’t fit we may still be able to help you through our commercial team. 

You can view our current range of limited company buy-to-let products here. 

Key criteria

  • Loan to value up to 75% 
  • Limited company should be a special purpose vehicle (SPV) that is set up for holding and letting residential investment property, with one of the following SIC codes:
    • 68100 - buying and selling of own real estate 
    • 68209 - management of real estate on a fee or contract basis 
    • 68320 - other letting and operating of own or leased real estate
    • No other SIC codes will be accepted.
  • The SPV must be non-trading
  • Partnerships or LLPs will not be considered 
  • Directors and company shareholders are required to be the same, up to a maximum of four directors 
  • The rental income must cover at least 125% of the monthly interest payment on an interest only basis. The mortgage payment is calculated at: 
    • 6.29% for 5 year fixed rates
    • 6.29% for like for like remortgages
    • 8.29% for all other lending.

Additional information

Personal guarantees for the full loan amount will be required for all directors of the limited company; a floating charge will not be required. 

The assessment of the application will include reviewing all other properties owned by the limited company.